Arctic Hunter to extend warrant expiry by one year

Arctic Hunter Energy Inc (C:AHU)
Shares Issued 14,985,000
Last Close 2/14/2012 $0.12
Thursday February 16 2012 - News Release

Mr. Tim Coupland reports

ARCTIC HUNTER TO EXTEND WARRANTS

Arctic Hunter Energy Inc. proposes to extend the expiry date of one million share purchase warrants exercisable to purchase one common share of the company at an exercise price of 30 cents per share from the expiry date of May 14, 2012, to May 14, 2013. The warrants were issued in May, 2008, in connection with a non-brokered private placement financing.

The company also proposes to extend the expiry date of three million share purchase warrants exercisable to purchase one common share of the company at an exercise price of 25 cents per share from the original expiry date of Oct. 5, 2012, to Oct. 5, 2014. The warrants were issued in October, 2009, in connection with a non-brokered private placement financing with an original term of three years.

Proceeds from any exercise of warrants will be used to continue to finance exploration activities and for working capital purposes.

The extension of the warrants is subject to TSX Venture Exchange approval.